Answer:
The correct answer is Opportunity cost.
Explanation:
The opportunity cost is understood as the cost incurred in making a decision and not another. It is that value or utility that is sacrificed for choosing an alternative A and neglecting an alternative B. Taking a path means that the benefit offered by the discarded path is waived.
In any decision taken there is an implicit waiver of the utility or benefits that could have been obtained if any other decision had been made.
For each situation there is always more than one way to address it, and each form offers a greater or lesser utility than the others, therefore, whenever one or the other decision is made, the opportunities and possibilities offered by the others will have been renounced, that may be better or worse (opportunity cost greater or lesser).
Answer:
The answer is $900
Explanation:
Money supply is the total value of money available in an economy at a particular time i.e the total amount of money in an economy at a particular time. A decrease in the reserve ratio leads to an increase in the money supply and an increase in the reserve ratio leads to a decrease in the money supply.
Money multiplier is 1/required reserve ratio
=1/0.1
10
Money supply will be 1 - 10 = 9
Therefore, increase in money supply will be:
new reserves/deposit x money supply
$100 x 9
=$900
The correct answer should be start earning sooner because it enables you to join the work force sooner since achieving a technical certification lasts shorter.
Answer:
GDP to increase
Explanation:
Gross domestic product (GDP) refers to the total value of goods and services produced within the boundaries of a nation. Its component are consumption, investment, government expenditure and net exports.
GDP = Y = Consumption + Investment + Government expenditure + Net exports
Net exports refers to the difference of total value of exports and total value of imports.
Net exports = Exports - Imports
Therefore, if there is an increase in the net exports then as a result the GDP of a nation increases.
